KOEI CHEMICAL COMPANY,LIMITED [4367.T]
TOKYO, May 13 (Pulse News Wire) – Koei Chemical Company,limited (4367.T) disclosed that its parent company, Sumitomo Chemical Co., Ltd., holds 55.95% of the voting rights. As of March 31, 2026, Sumitomo Chemical owns 55.95% of the shares, while another subsidiary holds 0.04%.
Sumitomo Chemical's influence extends beyond equity holdings. KOEI Chemical conducts significant transactions with Sumitomo Chemical, including purchasing raw materials and selling products. Additionally, one director is employed by Sumitomo Chemical, leveraging their extensive experience in management decisions. As of March 31, 2026, 15 out of 402 employees are seconded from Sumitomo Chemical. KOEI Chemical leverages services such as finance, information systems, and engineering within the Sumitomo Chemical Group network.
All transactions are conducted based on market prices through negotiation. The company maintains operational independence, ensuring fair dealings and protecting minority shareholders' rights. Independent outside directors make up more than half of the nomination and remuneration committee, and all independent outside directors participate in external board meetings. In the fiscal year ending March 31, 2026, KOEI Chemical engaged in various transactions with Sumitomo Chemical, including the purchase of raw materials and product sales, which were negotiated individually based on market conditions. Security deposits are interest-free.
Transactions are managed transparently, with independent outside directors reviewing any conflicts of interest and reporting findings to the board.
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